More than 80,000 jobs cut in just five days

[gibsonf1]

http://www.ft.com/cms/s/0/c08dcf20-b7f3-11dd-ac6d-0000779fd18c.html

[quoderat]

The financial crisis is more than half over, but the follow-on economic crisis in the real world is only about 1/10 of the way through, I'd guess.

[gibsonf1 → quoderat]

I hate having to agree with you, but yes, I agree. My experience of past bad times, such as 87-91, is that the market is a leading indicator of really bad times ahead, and this seems to dwarf anything I've ever seen. The global nature of this is also novel - in '90 I rode out the bad time in the US working in Japan - now there's no place to go.

[DenisM → quoderat]

Yep. We have some wasy to go yet:

http://dshort.com/charts/bear-markets.html?four-bears

[oneoffaccount]

Had a couple of those hit the office today in fact, it is a scary place out there.

[gaius → oneoffaccount]

Only giant corporations "announce" job cuts. These figures don't include any small or medium sized companies remember.